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FIRST INVESTORS CASH MANAGEMENT FUND, INC.
FIRST INVESTORS TAX-EXEMPT MONEY MARKET FUND, INC.
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 29, 1996
1. The following should be added to the section "Systematic Investing--First
Investors Money Line" which appears under the heading "Additional Exchange and
Redemption Information and Other Services:"
"It takes between three and five business days to process any changes you
request be made to your Money Line service."
2. The second paragraph under the section "Systematic Investing--Systematic
Withdrawal Plan" which appears under the heading "Additional Exchange and
Redemption Information and Other Services" is amended to include shareholders
who own Class B shares in a non-retirement account.
3. The following applies only to First Investors Tax-Exempt Money Market Fund,
Inc.:
The state undertaking under "Investment Restrictions" as shown below is deleted
in its entirety:
"In the event the original custodian or any successor custodian resigns or for
any reason cannot or will not continue to serve as custodian and no successor
custodian can be found, the Fund will submit to shareholders, for their approval
or disapproval, the matter of possible liquidation of the Fund."
July 22 , 1996
FISAI 02
